Personal and income details
Net (i.e. after tax) Income self: €1992pm..public servant
was in private sector good job when house bought in 2004..joined public sector in 2008 in hope of progressing up quickly when private sector industry declined...didnt happen and now on less income than 5 yrs ago..studying degree in order to progress to increase income..child in college in 2014...no maintenance from ex for child either.(dont go there)
FIS of €25pw due to stop in Nov 13.(dont know if eligible again)
Net income partner/spouse: nature of income
Income history: no spouse
number of children; 1
Amount of child benefit received ;€130pm until oct 13
Home loan
Lender: EBS
Amount outstanding:€195000..21 yrs left I am 47yrs old
Value of home: c€125000
Interest rate: tracker 1.5 above ECB
Monthly repayment ; €850 but only paying €357.50
Amount in arrears €1500
Summary of discussions and agreements with the banke.g. in Marp since Nov 2011 . Have been on interest only and min capital since then. (every 6mths)
Other loans and creditors - delete those which don't apply to you
Credit Card; 1) 1200 2) 650 min repay
Credit Union loan 1; €21000 against zero shares €50pw reneg.
loan 2; €950 against shares €1100 student loan full payment
How important is retaining the family home to you?
Which of the following best describes your situation?
I really want to keep the family home even if it means having a large mortgage and negative equity for years to come.
Any other relevant information
What is your preferred realistic outcome?
I want a more sustainable solution for debts...PIA?
Net (i.e. after tax) Income self: €1992pm..public servant
was in private sector good job when house bought in 2004..joined public sector in 2008 in hope of progressing up quickly when private sector industry declined...didnt happen and now on less income than 5 yrs ago..studying degree in order to progress to increase income..child in college in 2014...no maintenance from ex for child either.(dont go there)
FIS of €25pw due to stop in Nov 13.(dont know if eligible again)
Net income partner/spouse: nature of income
Income history: no spouse
number of children; 1
Amount of child benefit received ;€130pm until oct 13
Home loan
Lender: EBS
Amount outstanding:€195000..21 yrs left I am 47yrs old
Value of home: c€125000
Interest rate: tracker 1.5 above ECB
Monthly repayment ; €850 but only paying €357.50
Amount in arrears €1500
Summary of discussions and agreements with the banke.g. in Marp since Nov 2011 . Have been on interest only and min capital since then. (every 6mths)
Other loans and creditors - delete those which don't apply to you
Credit Card; 1) 1200 2) 650 min repay
Credit Union loan 1; €21000 against zero shares €50pw reneg.
loan 2; €950 against shares €1100 student loan full payment
How important is retaining the family home to you?
Which of the following best describes your situation?
I really want to keep the family home even if it means having a large mortgage and negative equity for years to come.
Any other relevant information
What is your preferred realistic outcome?
I want a more sustainable solution for debts...PIA?
